Summary of Changes

IRS-OMB SUMMARY OF CHANGES

Reason for Changes: New or Changing Guidance/Law Program Change

Citation of the Guidance/Law U.S. Code Section Notice of Proposed Rule Making Code of Federal Regulation Revenue Procedure Treasury Decision Public Law Announcement #		Title	Respondents (Filers) #
SAMPLE	26 U.S.C. 39	General Business Credit	179,650

Statement of Major Changes*

*This section is not required, if you are attaching a “Circulation” or Updated “Supporting Statement”.

2010 Form 8404,

Interest Charge on DISC-Related Deferred Tax Liability

Purpose: This is the first circulated draft of the 2010 Form 8404, for your review

and comments. See below for a discussion of the major changes.

TPCC Meeting: None scheduled, but may be arranged upon request.

Prior Version: The 2009 Form 8404 is available at:

http://www.irs.gov/pub/irs-pdf/f8404.pdf.

Other products: Circulations of draft tax forms, instructions, notices, and publications are posted at: http://taxforms.web.irs.gov/Circulations/index.htm.

Comments: Please email, fax, call, or mail any comments by July 16, 2010. Comments submitted by telephone must be followed up in writing to be considered. Send a copy of any email comments to the form’s reviewer, Clarence O. Light, at [email protected].

Oksana R. Stowbunenko

Tax Forms and Publications

SE:W:CAR:MP:T:B:P

Email: [email protected]

Phone: 202-283-0020

Fax: 202-283-2485

Major Changes to the 2010 Form 8404

1. We have updated the line references to the 2010 Forms 1040 and 1120 for adjustments to the tax liability on lines 5 and 6.

2. We will update the base period T-bill rate factor for 2010, and related IRB reference, when released.

3. The SSN/PTIN field has been changed to PTIN only, as final regulations will require the use of a PTIN (T.D. 9501).

4. All other tax year references and related form references have been updated.